On the external side, the current account deficit narrowed to 51.4 percent of GDP, compared to 77.2 percent a year earlier.

Just a week after President Donald Trump signed the Big Beautiful Bill into law, the U.S. Treasury surprised markets with a rare budget surplus for June 2025. The federal government reported a $27 ...

Can tariff revenue balance the federal budget and banish the national debt? That’s the latest claim by the Trump Administration, as it trumpets a Friday Treasury report showing that the government ...

U.S. customs duties surpass $100 billion in fiscal revenue as tariffs become a major income source for the government, ...

The U.S. government reported a $27 billion surplus in June, boosted by a 13% rise in receipts and a surge in tariff ...

America just booked a $27 billion budget surplus in June, a rare sight not seen since 2017, according to the Treasury Department’s Friday report. After bleeding $316 billion in red ink the month ...

Why It Matters: This news comes on the heels of the U.S. Customs and Border Protection (CBP) collecting over $106 billion in ...

The post Scott Bessent Takes Premature Victory Lap on Tariff Revenues appeared first on Reason.com.

The federal government ran a surprise budget surplus in June. However, calendar effects papered over the continued spending ...

The Australian share market closed higher, despite the announcement of 50 per cent tariffs on copper being sold into the US ...

For the first nine months of fiscal 2025, U.S. customs duty collections reached $113.3 billion on a gross basis and $108 billion net, nearly double the prior year’s take.

The Government has ruled out a cost-of-living package for households facing soaring food bills, high energy costs and elevated mortgage rates despite another surge in corporation tax receipts. The ...